B. Riley Cuts Viad's Price Target By ~14%

B. Riley analyst Bryan Maher lowered the price target on Viad Corp VVI to $51 (an upside of 76.5%) from $59 and maintained a Buy rating on the shares following the Q4 results.
Maher says that despite making numerous changes to revenue and margin assumptions in his model, his fiscal 2022 through 2024 estimates are little changed.
The analyst is now taking a segment weighted approach to his valuation.
Price Action: VVI shares are trading lower by 4.44% at $28.92 on the last check Monday.

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